The President & CEO of Evans Bancorp is Exercising Options

Today it was reported that the President & CEO of Evans Bancorp (EVBNResearch Report), David Nasca, exercised options to sell 13,079 EVBN shares at $12.99 a share, for a total transaction value of $470.8K.

This is Nasca’s first Sell trade following 29 Buy transactions. Following David Nasca’s last EVBN Sell transaction on December 21, 2018, the stock climbed by 4.4%.

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Based on Evans Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $19.74 million and quarterly net profit of $3.72 million. In comparison, last year the company earned revenue of $17.15 million and had a net profit of $3.32 million. EVBN’s market cap is $177.3M and the company has a P/E ratio of 10.73. Currently, Evans Bancorp has an average volume of 616.

In the last 30 days, insiders have sold $470.8K worth of EVBN shares and purchased $18.15K worth of EVBN shares. The insider sentiment on Evans Bancorp has been positive according to 42 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Evans Bancorp, Inc. is a bank holding company, which engages in the provision of financial solutions. It operates through the Banking Activities and Insurance Agency Activities segments. The Banking Activities segment offers consumer and commercial banking services such as lending, deposits, annuities, and mutual funds.